Crypto Green Light: FDIC & CFTC Remove Key Barriers for Banks Engaging with Crypto
TLDR
- FDIC rescinded a policy that required banks to notify the agency before engaging in crypto-related activities
- CFTC announced digital asset derivatives will not be treated differently than other derivatives
- The regulatory changes follow the elimination of the “reputational risk” category from bank exams
- Acting FDIC Chairman Travis Hill stated they are “turning the page on the flawed approach of the past three years”
- The changes align with President Trump’s stated goal to make the US “the crypto capital of the planet”
The Federal Deposit Insurance Corporation (FDIC) announced on March 28, 2025, that banks and other financial institutions under its supervision can now engage in crypto-related activities…
